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Debt resolution firms enter administration

Two debt resolution firms authorised to carry out debt purchasing and debt collection activities have entered administration.

Silicon Marketing Limited entered administration on 21 May 2026, with Carrie James and Nick Parsk of Oury Clark appointed as joint administrators.

Solvenza Limited entered administration on 28 April 2026, with Louise Longley and Julian Pitts of BTG Begbies Traynor appointed as joint administrators. They have instructed Debt Collection Services UK to collect debts owed to Solvenza.

Both sets of administrators have advised that all existing loan agreements remain in place and consumers should continue to make repayments.

Laura Wiles